I thought Republicans were the anti-tax party?
People think that foreign countries pay the tariffs and I’m not sure trump doesn’t think that as well.
And even if they did, do they think they are just going to swallow those fees?
deleted by creator
Not to forget these crazy machines that’ll give you free money if you smash in one of those weird plastic thingys from your purse. Absolutely bonkers!
Even if they did, they would still be passing that cost down to us.
Much like the grifters that they are, the Republican party does not have any convictions.
It’s not taxes, it’s tariffs! Duh.
I think the “logic” is that if things are too expensive to import then companies will start manufacturing them domestically and create jobs. But that almost never works out. An economist could probably explain why better than I can.
I do know that the better approach is to support those industries here. That’s why we recently dumped a bunch of money into the CHIPS and Science act.
I am actually in favor of tariffs in a couple of limited situations:
-
Foreign goods are cheap due to non-existent labor laws
-
Foreign goods are cheap, but produce more emissions than domestic manufacturing
#2 is also called a carbon border adjustment mechanism, or CBAM, and the EU voted to implement one last year that goes into effect in 2026. The USA desperately needs one IMHO. I’m involved in a nonprofit that’s been lobbying Congress to implement our own CBAM.
It’s silly though to think that a tariff is anything but a tax. It’s not any different than any other way that we use our tax laws to try to regulate “pure” capitalism by encouraging certain behavior and discouraging other behavior.
-
It’s okay if the taxes are only being paid by foreign companies. They… they are, right?
Good, gaming is for chud man children and incels.
Turns on Switch and looks at latest sales for jRPGs
Really nothing but anime fans lusting after booba.
Puts Unicorn Overlord in cart
Really nothing but anime fans lusting after booba.
Puts Unicorn Overlord in cart
Whoa now, have you played Unicorn Overlord? Garbage name aside, the game is fucking awesome. Much more than anime boobs.
I’m not ashamed to admit I want to play it
deleted by creator
Bbbbut I wuz told China would pay for the wall! And my new Playstation!
No less than The Economist uses the BMI (“Big Mac Index”) to compare economies.
I like how this has “Murrkans dumb” vibes, but this picture is intellectually far better than what average Russian thinks about economy.
That said, 6+ bigmacs for an hour of minimum wage sounds very good. Actually it sounds like some heaven on earth.
‘Heaven is a place in Earth’ was, in fact, released in 1987 by Belinda Carlisle.
Fueled by cheap Big Mac’s, no doubt, though the song neglects to mention them.
He’s surpassed Bob Barker in Orange competition next coat he’s basically in black face
From this article
But in the case of the hefty tariffs that Trump put on China during his first term, economic studies found that most of those costs were passed on to American consumers.
Economists believe this could happen again. One study by the Peterson Institute for International Economics, for example, calculated that Trump’s current tariff plans would increase costs for a typical American household by $2,600 a year.
Paying for for everything to own the libs! 🤡
These tariffs create American jobs and long term boosts American skills and manufacturing abilities.
That’s not the main point where you can assist that. Patent law would be the main point.
Unlikely. In the age of globalism, it’s much more likely that manufacturing will leave the US to dodge counter-tariffs. The combined markets of Europe and Asia is for most products larger than the US market, and that trend is only likely to increase in the future as Asia develops. Manufacturers know making stuff in Asia is just cheaper, and that American consumers are more likely to go into debt to buy stuff than other consumers. They also know that these tariffs are unlikely to last for long, because if the US takes the expected economic hit here then it becomes less likely that Trump/the GOP remains in control (eg midterms flip control back to the democrats).
Not much reason to move factories to the US, which is wildly expensive, when taking the hit and waiting it out is ultimately most likely cheaper.
It’s just a stupid way of doing it. Companies should be getting other incentives to bring manufacturing home. The middle and lower class shouldn’t burn for that to happen.
I’m not sure it’s a safe bet. Only if the tariffs last longer than 4 years. Building new factories takes a couple years, then you need to break even all within 4 years? Just seems risky to me
Except they don’t. They just move them to other countries like Vietnam.
How someone can expect anything else to happen is beyond me.
Cant buy vidya console, got more money for eggs?
5D chess here people!
At least prison business is booming when no one can afford to live even if they get paid. Land of the Free!
Good work Gamers. Your hardware will be more expensive, but at least Biden won’t be suggesting a non-enforceable DEI suggestion at the HR of those game studios.
One category of people I literally care not for are gamers and their discretional spending.
Bruh, I voted for Kamala Harris
meh. I play games, but wont call myself a Gamer. There’s like a whole separate culture of people who are obsessed with gaming culture, but don’t actually play games or when they do, only ones from AAA studios.
I only wouldn’t say I’m a gamer because “gamer” is no longer someone who is passionate about games; it’s the equivalent of the Discord mod stereotype, but without even the small modicum of power.
So? U want a medal?
One category of people i literally care not for are assholes who judge other peoples hobbies like they’re the end all be all of how people should act.
Your console, my price?
I’m actually really excited about the smuggling opportunities such a high tariff presents. It’s a real job creator.
Al Capone watching his successors continue his legacy by smuggling PS5s and pirating games lol
Maybe we can have speakeasy arcades run by nerds with 3D printed tommy guns.
And fridges, washers, dryers, tvs, vacuums, cars, phones.
Basically anything that has a microcontroller you’re going to be fucked.
In this day and age, pretty much anything powered by electricity.
And laptops, and phones, and literally every other electronic thing you might want to buy
Leopards will be the same price, though.
Faces will be cheap though, there are plenty of those to go around for the next few years
Supply and demand. It’s the economy, stupid.
Faces will be cheap though
Dr Victor Frankenstein will be thrilled!
And Dr. Lecter.
People that can still afford stuff will be so cool. The hippest tech, biggest cars and newest kicks, everything will be uber exclusive. This is good for america because reasons.
He’s fixing the economy, duh!!!
This will boost the American job market and increase manufacturing ability.
Yes, I cannot wait for America to start making Sony and Nintendo consoles. Well done Mr. Trump!!!
If that is truly their plan, they are dumber than we fucking figured.
If a billionaire wants to buy a swimming pool, he needs a considerable amount of other people to be able to afford swimming pools or it it becomes impossible for him to get one at all eventually.
To have a swimming pool, there needs to be an industry of specialized labororers who can manufacture and install. There has to be electricians who specialize in mixing water and electricity. There has to be people working the factories where the chlorine gets manufactured and bottled.
This is true for every product that billionaires consume. You really gotta think that these people with all this wealth would have people on the payroll pointing this out to them.
That is more of a millionaire problem. A billionaire can afford to fly the specialists and the materials in from Europe.
Especially because every grift that trump has made, his shoes and the like, were all made internationally. Wonder who will pay for those tarrifs when he does the same?
Thing is all that crap can be stitched together by 12 year olds in Alabama instead of 12 year olds in China.
I don’t think he can really comprehend a chip fabrication plant costing 10 times his entire net worth. He probably thinks that what they make in “Silicon Valley”…
I recently saw gamers nexus’ Intel tour. It was like seeing a sci-fi movie, it’s incredible how advanced the stuff they do is. I also found it incredible how much it takes to build a chip… It takes about 2-3 months from wafer to chip.
It takes about 2-3 months from wafer to chip.
After spending 3-4 years building the factory and even more time finding and training staff.
But, sure, tarriff the hell out of things that can’t be made domestically for (optomistacally) half a decade. That’ll certainly make it happen instantly…
/fucking morons.
I’m sorry, but you people talk about making state-of-the-art chips, while in many cases something like year 1990 will do. It’d be a very ambitious endeavor too, but both realistic and useful.
What they are doing will reduce economic competitiveness of the whole USA, but in terms of incentivizing domestic industries it will work. No miracles, but it will give incentives to what can be done quickly enough. And if we consider that electronics already are cheaper in US than in EU or in Eastern Europe, this won’t be too bad.
I’m not a Trump fan. Just - what these people want to do is not without rational justification in economics. It’s a weird justification, of the kind USSR’s strategy of existence had, but then the reasons USSR failed were not in that part about self-reliance in strategic industries. One can argue it collapsed because it didn’t really achieve that due to administrative inefficiency, as in “went bankrupt”. It was exporting fossil fuels to finance the appearance of domestic heavy industries, which were not profitable. At some point that wasn’t enough money.
people talk about making state-of-the-art chips, while in many cases something like year 1990 will do
It still takes time to spin up a chip fab, even one with 30 year old capabilities.
And, since nobody domestically makes the machinery needed, that too will be subject to the import tarrifs and probable delays caused by the ensuring trade war restrictions.
That’s true. For us to compete we just need the same in the US! We just need uhhhh
Just drag Taiwan into US waters. It’s easy bro.
Sounds like the plot of a Michael Bay movie, I’m sold
It won’t be paid from his net worth or from even the government’s budget.
It will, if it happens, be expected to redeem costs based on the demand of the whole USA, which is, ahem, an obscene amount of money.
Anyway, you don’t have to start with something like TSMC. Producing MCs for home appliances is already very cool.
This is good. Same way forest fires can be good.
But those people thinking they’ll be the elite don’t quite realize how exactly.
This is good for america because reasons.
People with lifted pickup trucks can now go into even more debt, so they can flex on the “poors” (while complaining about their “economic anxiety”).
Not to worry. If gas is a little cheaper while they fill up their tanks at the pump, they’ll be happy to pay [insert car financing company here] exorbitant amounts of money and think they’re winning
Almost everything powered by electricity will have some chinese made components.
And now do some basic Google Foo and find out what is manufactured in Taiwan. If China gets it’s way, because Trump things Xi is cool and he’s a good guy, China will just waltz in - TSMC, ASML and Trumpf have some safeguards in place as far as I know to destroy anything valuable. So while you might want to buy shit, you can’t because the Cheeto and his cronies collapsed it.
That would in long term be good. I’m serious. Keeping all your eggs in one basket is bad, and other than that - said one basket may, for example, not scale production fast enough so to keep profits, that’s basic supply and demand and that’s what oil producers do too.
Short term, though, would be similar to a collapse of civilization.
Short term, though, would be similar to a collapse of civilization.
Would it? Civilization doesn’t depend on bleeding edge high tech. Sure, it depends on tech, but look around who’s making ICs or basic processors that are in machine control panels and all the millions of appliances. AMD, Intel, Qualcomm, Broadcom do the “heavy lifting” in terms of monetary value, but in overall quantity? Samsung, SK Hynix, STMicroelectronics, Infineon, Sony, Renesas and NXP are the ones that make the world go round. Infineon is German, NXP is Dutch, Renesas is Japanese, STMicroelectronics is Swiss. The thing that’s really going to hurt is Foxconn, but they are probably global enough to withstand that. There’s also many, many more local players. BOSCH for example has very high capacities for everything up to 80 Nanometers (Pentium 3/4, Athlon 64…)
Civilization would crack, sure - but i don’t think it would collapse. Society on the other hand…that’s a different paper.
Society on the other hand…that’s a different paper.
I meant that too. But would actually be interesting, if electronics around us would still be a normal thing, but smartphones changing every year and carelessly used computing power will not. I think it would feel like waking up from a fever dream.
I mean, “change” per se isn’t necessarily something bad. Meaning, stuff needs to last longer (again) in those cases. Planned Obsolescence is a real thing, that’s however only economical as long as raw materials are relatively cheap. But it would be nice if companies just did that change, instead of being forced in to it…
Don’t video game consoles all have offices in the US? Why would the US apply tariffs on companies residing in and paying tax the US?
The products are manufactured elsewhere.
Even products “made in the USA”, like an automobile, rely on parts from overseas suppliers, especially China.
My cats food for example, dewault has similar tags on their power tools.
Are tariffs applied when a company produces something in one country and transports them to their own company in another country? I thought they only applied to sales.
You can’t just import something and put it in a local warehouse to avoid tariffs. Then nobody would pay them ever
Isn’t that how America does taxes in everything else?
No.
Some businesses in Russia have loopholes like importing components and making a local assembly, up to just putting their sticker on it. I wonder what % of production process would be enough to count a product as Made in USA.
Each piece brought in is taking the hit from the tariff if its under a tariff. The only way to “avoid” is what we call smuggling.
Yep. Yet finished prodiuct for end user is declared pricier thsn individual parts and certified differently.
You’re still importing the base materials and have to pay tariffs on that. That’s not getting around anything. The end consumer still foots the bill.
Depends on what the tariffs are about. If there’s a tariff on a specific category of finished consumer goods, an import of the materials/ parts in combination with a local assembly might indeed reduce or avoid the taxes you have to pay.
20% across the board, says the magat’s fuhrer.
I thought they only applied to sales.
What do you suppose these companies might want to do with their products once they transport them to this other branch location?
Throw them at passersby?
My understanding Is that they apply to importing goods.
The only thing tariffs do is raise the price of imported and exported goods. The intent behind that is to encourage domestic production of a given good. However, we largely do not have domestic production of many, many, many different goods in the USA. So the primary outcome is going to be a decade or more of much higher prices for literally every single kind of consumer, business or industrial grade electronic device or good. It’s terrible for the economy. It will lead to a record recession or even a depression. Tariffs do not punish the target country. They punish Americans attempting to buy from those countries. This means new start-ups and new businesses will not be able to afford things from third-party manufacturers in China.
Tariffs do not punish the target country.
Tariffs punish every country, actually, unfortunately.
Tariffs punish every country, actually, unfortunately.
Including the one who started the inevitable trade war.
Not only new businesses, this will ABSOLUTELY lead to the extinction of already established businesses as well. The magat cretins have ZERO clue how bad this will be.
This. It’s basically a fucking stupid version of forcing the increased pricing onto us to increase corporate profits or whatever their end goal is. If China is charged 10% more to get their pieces to us. They are not taking that hit over our internal political retardation.
China isn’t charged shit to send us stuff. The tariffs are paid by the company importing the goods (aka the buyer)
Its an import tax, not sales tax.
And china will be doing the same for all Americans product enter to they country.
